OTS - 1NCE raises USD 50 M for global expansion led by investors including SoftBank and Deutsche Telekom
2021. September 29. 09:15
Cologne, Germany, 29 September, 2021 (APA/OTS) - 1NCE will use the
$50M in funding to accelerate its growth in the US and Asia - The
capital raised will also be used to further developing 1NCE's next
level and cloud-based IoT-software - 1NCE will be hiring top talent
and industry experts to drive its expansion/ IoT Carrier 1NCE has
announced $50M in financing. The capital is provided by investors
including Deutsche Telekom, SoftBank, and other investors. 1NCE
offers cellular device connectivity at a fixed price in over 100
countries via 2G, 3G, 4G, 5G, NB-IoT and LTE-M. Its cloud-based
connectivity platform includes IoT services such as plug-and-play
setup and device management.
1NCE will use the fresh capital to accelerate international
expansion and fuel growth in the US and Asia, further develop its
cloud based IoT platform services and recruit key talent to expand
its product capabilities to simplify the development of cellular
based IoT solutions worldwide.
"With SoftBank we have gained an investor who brings in
expertise from investments in telecommunications, internet
services, AI, smart robotics, IoT and clean energy technology
providers," emphasized Alexander P. Sator, CEO and founder of 1NCE.
"We are thrilled to work with them to leverage the new
opportunities in Asia and the US that come with the engagement."
1NCE's offering provides customers with the tools to
efficiently scale and manage their IoT deployments, while providing
a transparent cost structure. This tackles challenges that too
often stand in the way of mass IoT deployments. The reduction of
complexity, implementation time, and cost allows customers to speed
up time-to-market and drive their business forward successfully.
Deutsche Telekom is committed to its investment in 1NCE. The
telecom giant has been on board as seed investor since the
company's founding in 2017 and uses 1NCE technology for its own IoT
offerings. The investment by SoftBank expands on the recent
strategic partnership formalized between SoftBank and Deutsche
Telekom and provides a clear opportunity to co-invest in global
connectivity platforms focused on enterprise customers.
Timotheus Höttges, CEO of Deutsche Telekom, adds: "1NCE has
already demonstrated its disruptive potential in the IoT market,
and its growth to date has underpinned its claim to leadership in
cellular-based connectivity services. As a technology partner from
the very first hour, we are happy to actively foster further
growth."
"1NCE is a leader in connecting millions of low bandwidth
sensors around the world", explained Marcelo Claure, CEO, Softbank
Group International and COO, SoftBank Group Corp. "Using their
technology offers incredible opportunities for our portfolio
companies. With our investment in 1NCE, we look forward to
accelerating the breakthrough of connectivity on the Internet of
Things."
1NCE already manages 10 million connections for over 7,000
business customers from around the globe. Its services are
available through direct sales and online channels. Additionally,
the company is a premium technology partner of Amazon Web Services
with exclusive offerings for developers on AWS Marketplace.
ABOUT 1NCE
1NCE GmbH is the first fully-fledged IoT network carrier in the
world to offer fast, secure, and reliable connectivity services at
low cost based on an IoT flat rate. This makes IoT applications
such as tank maintenance, smart metering, or vehicle telematics
affordable. The 1NCE IoT Flat Rate includes 500 MB data volume, 250
SMS, and free access to the 1NCE Connectivity Management Platform
via Internet and API. To provide the service, 1NCE cooperates with
both Deutsche Telekom AG and its roaming partners as well as China
Telecom Global Limited and supports all common mobile
communications standards (2G, 3G, 4G, 5G, NB-IoT, LTE-M). In
addition to direct sales of IoT mobile connectivity, 1NCE also
offers its technology to mobile network operators via a
Platform-as-a-Service solution. The company headquartered in
Cologne offers its flat rate almost world-wide. 1NCE was founded in
2017 together with Deutsche Telekom AG and has 100 staff in
Cologne, Hamburg, Amsterdam, London, Rome, Paris, Warsaw, and Riga.
For more information, please see www.1nce.com
1NCE GmbH Media Contact
Dennis Knake
email: dennis.knake@1nce.com
Phone: +49 151 627 776 43
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